After a small worsening recorded in December, the Business Climate Indicator (BCI) for the euro area increased slightly between December and January, reaching a value of 0.04. This development was mainly driven by an improvement in opinions about production expectations and export order books, while production trend in the recent past decreased moderately. Total order books and stocks of finished products remained unchanged.
The euro area business climate indicator recovered in January
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30-01-2004 05:20
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